Singapore's crypto ownership falls amid selloffs, regulatory chill: poll

Nearly half of nonowners and past owners cite regulatory concerns as a barrier

20240910 SG and Cryptocurrency

Ownership of crypto in Singapore dropped to 26% in 2024 from 30% in 2022, according to a recent survey. (Nikkei montage/Source photos by Akira Kodaka)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Cryptocurrency appears to have lost some of its shine among investors in Singapore versus their Western counterparts, a survey released Tuesday showed, amid volatile markets and a tough stance on the asset class by the city-state's authorities.

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